Bitcoin (BTC) has once again demonstrated its presence by rising to the fifth position in global market capitalization. As of April 23, Bitcoin's market capitalization reached approximately $1.87 trillion (about 2,730 trillion won), surpassing Alphabet's (Google's parent company) $1.859 trillion (about 2,715 trillion won).
According to global asset ranking data, Bitcoin is currently recorded as the fifth most valuable asset, following gold, Apple (AAPL), Microsoft (MSFT), and NVIDIA (NVDA). The fact that Bitcoin, previously considered a relatively unstable asset compared to traditional companies, has now surpassed major tech giants symbolically shows increased market confidence.
The background for this sharp rise is analyzed as a complex interaction of policy expectations during the US election, the spread of Bitcoin spot ETFs, and the halving event. Particularly, Donald Trump's consecutive cryptocurrency-friendly statements have also positively influenced the market's political atmosphere.
As market capitalization is a benchmark for assessing an asset's market standing, Bitcoin's position among top technology company assets is expected to become even more solid. This change, where a decentralized blockchain-based asset stands shoulder to shoulder with traditional financial assets, is being interpreted as a significant signal marking a turning point in the cryptocurrency market.
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